Proactive Investors -
- FTSE 100 bounces off lows, still down 12 points
- UK house prices fall at fastest annual rate in 12 years
- Coca Cola HBC (LON:CCH) rises after raising guidance
US jobs miss forecasts
The US jobs report came in short of forecasts for the first time in 15 months.
Non-farm payrolls for June rose 209,000, which was down from the 339K the month before and below the 230K consensus estimate.
The US unemployment rate eased to 3.6% in June from 3.7%, which was expected.
Average hourly earnings were up 0.4% month-on-month, which was more than the 0.3% the previous month and which was expected again for June. On a year-on-year basis average earnings rose 4.4% versus the 4.2% Wall Street consensus and the previous 4.3% from May.
The FTSE 100 quickly pared its losses, now down 12 points or 0.17% at 7,268. Wall Street futures dipped slightly lower.
FTSE among the losers in Europe
London's blue-chip index is one of those in red amid a mixed session across Europe, with Germany's DAX, France's CAC and Italy's FTSE MIB all in green, while Spain's IBEX is down.
There's been a couple of bits of notable European IPO news today, with a €2.5bn float for a new green hydrogen production company, ThyssenKrup Nucera. Raising over €600mln at an issue price of €20, the shares have received a warm welcome, rising over 14% so far.
Elsewhere, a company with a head office in the City of London has floated in Amsterdam with a market cap of just under €90mln.
UK-based Global InterConnection Group (ticker: CABLE), which is developing an undersea interconnector cable between the UK and Iceland and looking to build a factory near Middlesbrough, has seen its shares drop 9.5% today after floating on Euronext Amsterdam.
Earlier this week, CAB Payments Holdings PLC made a stuttering start to life on the LSE - a rare UK float this year - with shares in the cross-border and foreign exchange group dropping 10% to 303p on its debut yesterday, but recover slightly to 304p so far today.
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